i don't think that's going to change. >> brenda: julian, sometimes people consider wall street to be a leading indicator, like it's a crystal ball for the economy. do you see the economy starting to boom, too? >> john makes a good point. in some ways, it's a tale of two cities. on unemployment between 150 to 200,000 new jobs a month on a six-month average and gdp, looking at 2.3% growth in the first quarter which is pretty good. and the stock market, as you pointed out. we're at 14, we were at 7 some years ago, and so, i think all of those things are good. i wouldn't know, however, that the cbo, everybody's oracle says that the sequestration plan will take about 1.5% off economic growth this year. but to john's point. i think the important point is this. the labor market is the most troubling thing. not just because of unemployment, but we've seen wages stay stagnant for 12 years right now. consumer spending is 70% of the economy. so it's not just people who don't have job, it's the middle class and neither party, neither republicans or democrats, really have a credible problem to de